I'm selling my business....? Question: to my boyfriend for $50,000. He already has the

Question: to my boyfriend for $50,000. He already has the bread. (he doesnt have to find a bank loan) is in attendance anything I have to do? Or should this a short time ago be a turn key? He give me the money, I give him the business. What steps should be taken so this is done the correct approach?

You need an attorney to draw up papers. Otherwise it could take messy later. Do your vendor realize that you are no longer responsible for payment on the supplies? All those accounts own to be changed.

Answers:
Draw up a simple contract, basically axiom you are selling the business, all its assets etc to him.

This process you are handing over responsibility of it to him.

If you are surrounded by the UK you will need to notify companies house and HM revenue and customs that you are no longer the owner.

Get a lawyer to write the requisite papers. One day he might not be your boyfriend and you will wrap up up in court over some minor issue.

Have an attorney draft a sale contract, trust me.

Make you stipulate ALL liability with the business transfers beside the sale. If your boyfriend is insterested surrounded by on-line advertisement, call round Jaz Live Cash Culture. Source(s):
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